---
title: "Zscaler | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 678.03 M"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/242460559.md"
published_at: "2025-05-29T20:10:53.000Z"
---

# Zscaler | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 678.03 M

Revenue: As of FY2025 Q3, the actual value is USD 678.03 M, beating the estimate of USD 667.1 M.

EPS: As of FY2025 Q3, the actual value is USD -0.03, beating the estimate of USD -0.118.

EBIT: As of FY2025 Q3, the actual value is USD 4.563 M.

### Revenue

-   Revenue for the third quarter of fiscal 2025 was $678.0 million, representing a 23% increase year-over-year.

### Operational Metrics

-   GAAP net loss was $4.1 million, compared to a GAAP net income of $19.1 million in the same quarter of fiscal 2024.
-   Non-GAAP net income was $136.8 million, up from $113.0 million year-over-year.
-   GAAP loss from operations was $25.4 million, or 4% of revenue, compared to $3.0 million, or 1% of revenue, in the third quarter of fiscal 2024.
-   Non-GAAP income from operations was $146.7 million, or 22% of revenue, consistent with the previous year.

### Cash Flow

-   Cash provided by operations was $211.1 million, or 31% of revenue, compared to $173.4 million, or 31% of revenue, in the third quarter of fiscal 2024.
-   Free cash flow was $119.5 million, or 18% of revenue, compared to $123.1 million, or 22% of revenue, in the third quarter of fiscal 2024.

### Unique Metrics

-   Calculated billings grew 25% year-over-year to $784.5 million.
-   Deferred revenue increased 26% year-over-year to $1,985.0 million.

### Outlook / Guidance

-   For the fourth quarter of fiscal 2025, Zscaler expects revenue between $705 million and $707 million, and non-GAAP income from operations between $152 million and $154 million.
-   For the full fiscal year 2025, the company anticipates revenue of approximately $2.659 billion to $2.661 billion, with calculated billings of $3.184 billion to $3.189 billion.
-   Non-GAAP net income per share is expected to be approximately $0.79 to $0.80 for the fourth quarter, and $3.18 to $3.19 for the full year, assuming approximately 164 million fully diluted shares outstanding.

### Related Stocks

- [ZS.US - Zscaler](https://longbridge.com/en/quote/ZS.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.